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Calculate the net worth using the following financial data: Cash $20,000 House market value $650,000 Mortgage $450,000 Monthly mortgage payment $3,700 Mutual funds $25,000 Vehicle
Calculate the net worth using the following financial data:
Cash $20,000
House market value $650,000
Mortgage $450,000
Monthly mortgage payment $3,700
Mutual funds $25,000
Vehicle loan owing $15,000
Minimum monthly credit card payment $400
Net monthly income $5,200
Vehicle payment $350 per month
Toyota tundra value $60,000
Credit cards owing $10,000
Line of credit $0 owing but $50,000 limit
options:
A.$260,000
B.$270,000
C.$280,000
D.$290,000
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